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Kiyosaki Doubles Down on Bitcoin, Warns of Gold Crash & 70% Stock Market Drop
Financial guru Robert Kiyosaki, renowned for his “Rich Dad Poor Dad” book and outspoken support for Bitcoin, continues to raise eyebrows with his bold predictions of an impending economic crisis. Kiyosaki frequently advises investors to turn to Bitcoin and silver for protection, sparking debates and attracting both supporters and critics.
Gold Below $1200, Silver and Bitcoin Soar?
In a recent exchange with precious metals expert Andy Schectman, Kiyosaki made a startling prediction: gold crashing to $1200, a 39% drop from its current price of $1994. While this sounds extreme, Kiyosaki doubles down on his bullishness for Bitcoin and silver, claiming they will “take off” during this downturn.
70% Stock Market Crash Coming?
Kiyosaki further fuels controversy by reiterating his prediction of a 70% S&P 500 collapse, a prophecy outlined in his “Rich Dad’s Prophecy” book. He urges investors to prepare for this potential market meltdown.
Andy Schectman asks a very important question. “Who is going to buy US Bonds?” Banks are buying gold not US debt. How will America run without money? How will the world operate with money? What will you do without money? Gold is going to crash possibly below $1200. Silver will…
— Robert Kiyosaki (@theRealKiyosaki) February 14, 2024
Bitcoin Gains Traction Amidst Predictions:
Interestingly, Bitcoin seems to be responding favorably to Kiyosaki’s pronouncements. The cryptocurrency experienced a 1.7% price increase in the last 24 hours, surpassing the $1 trillion market value mark and witnessing a surge in trading volume.
Investor Beware:
While Kiyosaki’s predictions have gained him a loyal following, it’s crucial to remember that they are just that – predictions. The future remains uncertain, and any investment decisions should be based on thorough research and individual risk tolerance.
Key Takeaways:
- Kiyosaki predicts a major economic crisis and advises investing in Bitcoin and silver.
- He foresees a dramatic drop in gold price and a 70% fall in the S&P 500.
- Bitcoin’s recent price increase adds a layer of intrigue to Kiyosaki’s pronouncements.
- Remember, these are just predictions, and careful due diligence is essential before making any investment decisions.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Please consult with a qualified financial advisor before making any investment decisions.
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